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Published on 1/11/2023 in the Prospect News Emerging Markets Daily.

New Issue: Latvia prices €750 million 3½% five-year eurobond at 99.133

Chicago, Jan. 11 – The Republic of Latvia priced €750 million of 3½% five-year bonds on Tuesday in the international capital markets, according to a press release.

The bonds priced at 99.133 to yield 3.693%, or at Bunds plus 137.6 basis points.

The orderbook reached €3.7 billion from more than 140 investors.

The joint lead managers were Citigroup Global Markets Europe AG, Deutsche Bank AG, Erste Group Bank AG and Nomura Financial Products Europe GmbH.

Issuer:Republic of Latvia
Amount:€750 million
Issue:Eurobonds
Maturity:Jan. 17, 2028
Bookrunners:Citigroup Global Markets Europe AG, Deutsche Bank AG, Erste Group Bank AG and Nomura Financial Products Europe GmbH
Coupon:3½%
Price:99.133
Yield:3.693%
Spread:Bunds plus 137.6 bps
Trade date:Jan. 10
ISIN:XS2576364371

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